SHANGHAI, Feb. 20 (SMM) – On Monday, SHFE 1705 nickel started at RMB 91,330/mt and then dived to RMB 90,630/mt. Later, the contract rallied to RMB 91,860/mt. During the afternoon trading, SHFE 1705 nickel fluctuated above the moving average and ended at RMB 91,690/mt, up 0.98%. Positions and trading volumes both dropped.
SHFE 1705 nickel is expected to stay firm on Monday’s night trading.
![[NPI Daily Review] Upstream Costs and Downstream Selling Prices Were Difficult to Match, High-Grade NPI Prices Remained in Stalemate](https://imgqn.smm.cn/usercenter/yaAtG20251217171733.jpg)
![[SMM Nickel Midday Commentary] On April 1, nickel prices rose slightly, and Trump said the war against Iran would end in the short term](https://imgqn.smm.cn/usercenter/WYeHX20251217171733.jpg)
![[SMM Stainless Steel Flash] Aperam Hikes European Stainless Surcharges for April](https://imgqn.smm.cn/usercenter/NHXhQ20251217171733.jpg)
